1. Miss Susan Mejia invests P 2,000,000 now, and it will become P 6,000,000 at the end of 4 years, determine the nominal rate of interest and the corresponding effective rates if the interest is compounded: a) Semi-annually b) Quarterly c) Bi-monthly

1. Miss Susan Mejia invests P 2,000,000 now, and it will become P 6,000,000 at the end of 4 years, determine the nominal rate of interest and the corresponding effective rates if the interest is compounded: a) Semi-annually b) Quarterly c) Bi-monthly

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Problem 1.1

1. Miss Susan Mejia invests P 2,000,000 now, and it will become P 6,000,000 at the end of
4 years, determine the nominal rate of interest and the corresponding effective rates if
the interest is compounded:
a) Semi-annually
b) Quarterly
c) Bi-monthly

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